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THIS EVENING: PMI is up, but still in contraction + Chimera MTO for Beltone closes. Plus: OPEC+ pushes through “minuscule” supply increase
Good afternoon, ladies and gentlemen. We told you this morning to expect another busy news day, and so far it…
Maait dials down expectations for IMF loan
Maait shoots down talk of a USD 15 bn IMF loan: “That figure is completely inaccurate,” Finance Minister Mohamed Maait…
Only 22% of companies are helping employees cope with rising inflation –Mercer
Only a fifth of Egyptian firms have provided financial support to employees to help them cope with rising inflation, according…
Gov’t has ambitious FDI + export targets this year
Egypt wants to attract USD 10 bn of foreign direct investment during the current fiscal year, Planning Minister Hala El…
Glaciers in the Alps are disappearing at record speed + Get your feet on the ground for a better mood
Good luck to Sid and the rest of the gang from Ice Age: The Alps’ glaciers could be on track…
Tamweely is getting into green financing
Microfinance player Tamweely is rolling out green financing products geared towards eco-friendly projects in the agriculture sector, the company said…
Progress in IMF talks, but we still have disagreements, Maait says
Egypt is working to resolve differences with the IMF in talks for a fresh assistance program, Finance Minister Mohamed Maait…
IMF is “gloomy and uncertain” on global economy
The IMF has revised downwards its global growth outlook for this year and next, warning that gathering headwinds are pushing…
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